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20130801
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KICU 20
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KICU
Aug 28, 2013 4:00am PDT
.... a government cure for america's drug problem. and... the heat is on .. how the late summer burst of sun is affecting u.s. crops. you're watching first business: financial news, analysis, and today's investment ideas good morning! it's wednesday, august 28. i'm angela miles. in today's first look: the market in crisis mode over syria. the volitility index raced up 12%.. as fear and anxiety strike stocks. the dow plunged in a triple digit fall. the nasdaq had its worst point drop of the year.. and the s&p broke through technical support. gold futures pushed up $23 and oil spiked close to $109 dollars per barrel. jcp posted a record trading day with near 100million shares changing hands. it follows a report-- activist investor bill ackman sold his entire stake the retailer. the stock closed down 18 cents around $13.00. and walgreen is accused of overcharging customers and using false advertising. the lawsuit was filed yesteray by the attornery general of missouri. walgreen will fight the charges. for more on the market reaction to syria, larry shover of sfg alternatives joins us. goo
KICU
Aug 8, 2013 4:00am PDT
over 5 years and close the fhfa. bank of america shares fell on a double whammy. shares tumbled more than 2% wednesday after the justice department and the sec both lodged charges against the bank for allegedly cheating investors through the sale of residential mortgage-backed securities. according to the charges, bank of america sold $850 million worth of bad investments. bank executives claim the company did nothing wrong because the securities went south after the housing market collapsed. two banks are being sued over allegations of price manipulation in the aluminum market. according to bloomberg news, the screenmaster company, which sells products made with aluminum, accuses jp morgan and goldman sachs of hoarding the metal in detroit-area warehouses. the lawsuit claims hoarding drove up prices. a jp morgan spokesman tells bloomberg the suit has no merit. goldman sachs agrees and plans a vigorous fight. goldman sachs was sued on similar charges august 1st. jpm recently revealed plans to exit owning and trading commodities. a-rod's appeal has eroded, according to marketing execu
KICU
Aug 23, 2013 4:00am PDT
to a scheduling conflict.his term expires in january. president obama says america's colleges need to be more accountable for the value they provide students, their families and taxpayers. but as our cover story explains---he left open precisely how that value is measured. in buffalo, new york, president obama said rising costs are making college out of reach and a disturbing national trend reflects that---student loan default rates have now climbed above 9%--the highest it's been in 17-years. "bottom line is this, we've got a crisis in college affordability and student debt." so the president proposed the following reforms: first, a federal college value rating that could be tied to federal funding. second, the president wants to better prepare students for the global economy. but some fear that may curtail long-range thinkers in favor of short-term fixers. "we will essentially just graduate people responding to market demand but not create people who can see what's around the bend." thirdly, the president wants to make more graduates eligible to repay college debt gradually. "if we move for
KICU
Aug 29, 2013 4:00am PDT
veterans of america's trained experts were there to help him so he could concentrate on getting well. for over sixty years, paralyzed veterans of america has worked to ensure that our injured veterans get the medical, housing and auto benefits they have earned. i'm so thankful paralyzed veterans of america was there for me. surely those who sacrificed so much deserve no less. join me in supporting our paralyzed veterans. visit p-v-a dot org. in the 1950's americans worried about and planned for possible nuclear holocaust that age of fear has passed but with global terrorism and chaos not to mention natural disasters, it's easy to think, how should i prepare myself and my family for a disaster. anthony kovic wrote the book emergency prepping: simple disaster preparedness for the modern family. anthony, how do i know what it is exactly i'm preparing my family to protect itself against? > >you want to protect yourself from the basis of disasters. storms that come in, power outages, blackouts, things that will destroy your food supply especially if its in the freezer for a couple of days
KICU
Aug 7, 2013 4:00am PDT
, why you should consider investing in countries that have yet to catch up to america's prosperity. and, getting ready for groupon: how one trader is hoping for the best and preparing for the worst. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's wednesday, august 7th. i'm angela miles. in today's first look: a summer stock slide. stocks fell yesterday, with the dow down 139 points. it recovered, but still closed 93 points lower. ibm was one of the biggest losers. the nasdaq dropped 27 points, the s&p slipped below 1,700, gold pushed back $19, and oil $1.13. bank of america is one to watch today. the department of justice is suing over the firm's mortgage-backed securities. first solar and ge are striking a deal. first solar will buy ge's technolotgy for making thin film panels. in exchange, ge will receive 1.75 million shares of first solar stock. the stock fell 9% last night after the solar company missed on earnings. disney reports profits were up .9% in the lastest quarter on growth from theme park
KICU
Aug 20, 2013 4:00am PDT
jazeera america will carry 14 hours of news every day over the old current tv cable channel which it bought earlier this year for 500- million dollars.it's positioning itself as a source for serious unbiased news. many feel, however, the qatar- based company "is" biased. there are skeptics even among arab nations. egypt's interim government has shut down al jazeera's offices in cairo after accusing it of threatening stability and national security. the government monitors your phone calls, social networks are selling info about you and retailers are tracking you with cameras & signals from your phone. here's something else to challenge your privacy. returns tracking.the associated press reports stores like home depot, jc penny, best buy and others record every time you return something to a store. the data is used to make a "return profile" for each customer.what do they do with this information? they're looking for return fraud which accounts for about 9 billion dollars in losses every year. the tech sector is in a slump.when the s and p 500 was up nearly 20% earlier this month,
KICU
Aug 27, 2013 4:00am PDT
in. we asked tim mulholland of china america capital what makes singapore so appealing to investors. "what's attractive about singapore is they have a very solid financial infrastructure. extrememly sophisticated. they have a very sophisticated workforce and most importantly, there's a real rule of law there with protection or property and i think that's a very important thing." singapore also was also first among asian countries to sign the 2003 free trade agreement with the u.s. china's economy is in focus this week. chinese officials are assuring skeptics that its economy is stabilizing after growth slowed for 10 straight quarters. the government says there are new signs of momentum, and china should hit its growth target for the year. chinese officials are assuring skeptics that its economy is stabilizing after growth slowed for 10 straight quarters. the government says there are new signs of momentum, and china should hit its growth target for the year. in greece -- the country is set to qualify for more bailout money. a member of the european central bank notes athens is on tr
KICU
Aug 5, 2013 4:00am PDT
mulholland with china america capital. tim, everybody's caught up in the froth here. you're looking at the fundamentals of this market. what do you see? - if you look at the fundamentals of this market, you can't be real encouraged. what you're seeing is earnings driving the market, but earnings driven by stock share buybacks and cost-cutting measures and those sort of things. margins are at their highs. you're really not seeing investment in the future. also, we know the economy's nothing to really scream about. from a fundamental standpoint, no, but fundamentals usually never win. in the short run, what you have is a fed that's printing money like crazy and looks like they're going to continue expanding their balance sheet and staying in the game, which i think is underpinning this market. - yeah, and then when inflation kicks in, what? they'll be caught holding the bag? - when inflation kicks in, which nobody's really giving any type of thought to now because we've been conditioned during the great moderation... in fact, the fed thinks that inflation is too low. but, what you're
KICU
Aug 6, 2013 4:00am PDT
and advocate for the services he needed. fortunately, paralyzed veterans of america's trained experts were there to help him so he could concentrate on getting well. for over sixty years, paralyzed veterans of america has worked to ensure that our injured veterans get the medical, housing and auto benefits they have earned. i'm so thankful paralyzed veterans of america was there for me. surely those who sacrificed so much deserve no less. join me in supporting our paralyzed veterans. visit p-v-a dot org. a lot of buzz about the eurozone, and much of it coming from the strongest manufacturing report there in two years. matt shapiro of mws capital joins us. hi, matt. - how are you doing, chuck? - i'm doing well, and i'd like to know what businesses, what industries in europe you're looking at today. - well, you know, it's welcome news that they're finally coming back. i've invested in several major european shares this past year, and i think you really take a look at the playbook we had here in the united states over the past year, which is, of course, high- quality companies. look at the fi
KICU
Aug 19, 2013 4:00am PDT
, was in no condition to cope and advocate for the services he needed. fortunately, paralyzed veterans of america's trained experts were there to help him so he could concentrate on getting well. for over sixty years, paralyzed veterans of america has worked to ensure that our injured veterans get the medical, housing and auto benefits they have earned. i'm so thankful paralyzed veterans of america was there for me. surely those who sacrificed so much deserve no less. join me in supporting our paralyzed veterans. visit p-v-a dot org. despite improvements in the economy americans may not be setting more money aside for retirement.greg mcbride of bankrate.com is here with more.good morning greg and what's the latest on american nest eggs? > >only 18% of americans are actually saving more for retirement this year than they were last year. now, that's the same reading that we had a year ago. on the other hand we do see some real trouble spots. those between the ages of 50 and 64 had a higher propensity than all other age groups to be saving less for retirement this year than last year. and upple midd
KICU
Aug 1, 2013 4:00am PDT
clients. the report says firms such as bank of america and citibank tap into private databases to track consumer banking habits. "they're trying to find people who are doing this on a regular basis, committing fraud and trying to keep them out of the banking system. but a lot of other people kinda slip through the cracks and get caught in this system that can really keep them out of being able to have a checking account." claes bell of bankrate.com tells us the problem has been around for years and often forces people who don't have bank accounts to go to a currency exchange. he also says the bank must disclose why the person was rejected. goldman sachs says it will ease wait times for customers wanting to get to aluminum stored in its warehouses. this comes in the wake of a growing debate over whether banks should be allowed to own commodities such as aluminum at all. the federal reserve is reviewing the law. goldman was accused of manipulating wait times and therefore driving up prices for aluminum. the bank owns and stores at least 25% of the u.s. aluminum supply according to forbes,
KICU
Aug 9, 2013 4:00am PDT
in america rose 0.7% in europe, asia, the middle east and africa, sales dropped nearly 2%. restaurants in those regions were hit by the outbreak of bird flu and the timing of ramadan. tgi friday's employees are celebrating a welcome change. the restaurant chain was under investigation by the labor department after refusing to re-hire employees who took legal leave. now it's required by law to allow eligible employees to take up to four months of unpaid leave - and be reinstated. tgi fridays is also under fire for swapping cheap booze for premium brands. eight restaurants in new jersey will pay a $500,000 fine to the state for the switch. a pop in crops following last year's drought will lead to lower food prices. food prices hit the lowest level in a year in july. the united nations predicts an abundance of grain on the market could cause another drop in the months ahead, especially for cereal prices this year and next. last summer, food price surged as crops whithered in an historic drought. strenghth in the u.s. dollar could also drive down food prices, because it weighs on dollar-tr
KICU
Aug 30, 2013 4:00am PDT
are particularly on guard for unusual activity. bank of america, jpmorgan chase, citigroup and others have increased online security following disruptions last september. government officials are also concerned about the outtage of the new york times website earlier this week. usa today reports: its suspected the syrian electronic army was behind the hack attack. "in the past alot of malware was trying to compromise as many computers as possible. today, the trend we have with sophisticated attacks is to target and compromise as few systems as possible. because they know exactly who they want to go after. whether it is a particular person, network, even a specific computer." that was kenneth geers, a senior global threat researcher at security firm fire eye.u.s. intelligence reports contend what syrian hackers are capable of disrupting is limited. the nasdaq is blaming a "software bug" for causing trading to stop at the exchange for more than 3 hours last week. specifically the nasdaq says there was a electronic connection problem between the new york stock exchange and the nasdaq...
KICU
Aug 12, 2013 4:00am PDT
.s. assets, and flatt tells cnbc there continues to be a lot of investment opportunity in america. flatt says he's bullish on the u.s. because housing, retail and manufacturing are all making a comeback, and he sees possibilities in the shale gas revolution. flatt also mentioned he's looking for value plays in europe and emerging markets. it's always fascinating to know how billionaires are investing *their money. insider monkey reveals warren buffett and others are buying shares of davita. the company owns kidney dialysis centers. billionairs are also bullish on sirius satellite radio company verisign. another popular stock with 1-percenters is an internet registry services company. and billionairs are also big on credit card stock visa. investors are keeping their eyes on priceline. the stock is closing in on a milestone: $1,000 a share. in its latest earnings, priceline notes "tremendous momentum" going forward. strength in europe helped revenues. noodles and company, which went public earlier this summer, is trading lower after its first set of earnings failed to increase investor appet
KICU
Aug 13, 2013 4:00am PDT
. "bill franke is a turn-round artist. he did it with america west and spirit and now seems ready to do it again and put it on a more certain business and financial footing." the business model is not for business travelers. instead, the target is students and middle-income leisure travelers willing to forego comfort and convenience for price, if you can avoid the add-ons. "in the beginning, when you book, it seems cheap. but when you add up everything, it's more than other airlines." but for passengers concerned about airline consolidation--u- s airways and american. continental and united, analysts say an ultra low cost carrier based in denver might be good for business after all. "this is a big story frontier could reshape discount travel in the west." and it could happen fast-- the deal could be wrapped by next month. downtown detroit is booming in the face of bankruptcy. the motor city's urban areas is on the upswing, as demand for office space picks up. developers are flocking to office rentals that are estimated to be 7 to 25% less than renting space in the suburbs. "it's still
KICU
Aug 14, 2013 4:00am PDT
finding positions in print media..is barely a blip. even with women making strides in corporate america, their salaries are still not keeping up with their male counterparts. only 8% of women who lead s&p 500 companies were considered top-earners in 20-12. on average they earned 18% less than men. the bloomberg study finds women tend to avoid asking for more money, due to fear of being labled as overly aggressive. the problems aren't just plaguing the boardroom. the u.s. census bureau says among full time workers in the u.s.: women make 77 cents for each dollar men make. celebrity chef paula deen is no longer facing claims of race discrimination. a former restaurant manager accused deen of using racist remarks and sexual harrasment. deen defended herself in tearful youtube videos.now a federal georgia judge is throwing out the race discrimination claims. but the sexual harrasment claims still stand.deen lost partnerships with the food network, walmart and her upcoming book was also dropped by the publisher. still to come: is the s&p stuck? thats later in chart talk. plus ... a punk rock
KICU
Aug 15, 2013 4:00am PDT
in america. house hold debt including mortgages, credit cards, and auto loans fell $78 billion in the second quarter to $11.15 trillion. sounds like a lot but it's the lowest level since 2006. debt is dwindling as the housing market improves giving americans the opportunity to sell homes they cannot afford. europe is also making steps in the right direction as it emerges from recession.gdp has increased three-tenths of a percent--- with germany and france reporting in solid gains. the data beat many economists' expectations. however, critics are saying the region is not in the clear just yet. on september fourth, the g-d-p numbers released this week will be revised -- which could indicate more clearly where the eurozone stands in its recovery. boeing is still working out kinks with its dreamliner 787s. in the latest round of trouble... japanese airline ana holdings reports an electrical wiring problem in the engine fire extinguishers.the issue was discovered during pre-flight maintenance of a jet at tokyo airport.in july a fire broke out on an ethiopian airlines 787.earlier this year the jet
KICU
Aug 21, 2013 4:00am PDT
of america. the new york times reports-- a 21 year old intern working at the bank's london office.. died just one week away from completing his internship.reports say moritz erhardt- was an exchange student at the university of michigan was found unconsious by british police last week.the bank called him a diligent intern with a promising future. unconfirmed reports say he had epilepsy and pulled three all nighters just before he died. for-profit educator, career education will pay ten-and-a quarter miilion dollars to settle a suit brought by new york's attorney general. the company has been the target of a two-year investigation and stood accused of inflating its success rate in placing graduates in jobs. $9.2 million of the settlement will go to five-thousand former students. career education is one of the largest for-profit college coprporations in the country. it operates more than 90-campuses around the world. the number of teens working summer jobs dropped this season. according to employment trend watchers at challenger, gray and christmas.. 1.4 million young people between the ages of
KICU
Aug 22, 2013 4:00am PDT
of facebook posted on his own facebook page this week, that he is teaming with corporate america to expand internet access to the world. currently 2.7 billion people are online.--- whiile it's a large crowd, its only one third of the world's population. the nfl is said to be shopping silicon valley. potentially for a new home for its sunday ticket game package. all things d reports.. nfl reps have been meeting "informally" with leaders of top tech companies including google which own online video site youtube. currently, directv owns rights to nfl sunday ticket through the end of 2014. the satellite tv giant reportedly pays $1 billion dollars the rights every year. ups is delivering a blow to workers. the company will remove employees' spouses from insurance plans. it applies only to spouses who are able to get health coverage elsewhere.the company told employees that rising health care costs and new ones associated with obamacare made it difficult to provide certain benefits to employees at an affordable cost. the obama administration did not respond to the decision.advocates of health c
KICU
Aug 26, 2013 4:00am PDT
about the larger models of department stores in america? is there something wrong there? let's talk with joe cahill, a columnist at crains chicago business. now, this is interesting---you call this,"the longest running corporate train wreck you can remember." > >that's right. sears has decline traces all the way back to the late 80s and early 90s when walmart started attacking their customer base. that was followed of course by target and costco. then in this decade, you've had the rise of amazon as the dominant online retailer and all these trends have hurt sears badly and set off this long, slow decline we're seeing. > >and the ceo, the man who owns all the stock--ed lambert he's been dancing. he's been trying all kinds of new things and they point out that their loyalty program has gotten good positive growth numbers. > >well, they're signing up a lot of people for their loyalty program, but the key to a loyalty program is to get the people who join the program to buy more from you than they were already buying. so you can make everybody who shops there a loyalty club member but
Search Results 0 to 19 of about 20